Managers of Wealth Offshore

Cayman says reinsurance market is booming

The Cayman Islands has eight Class D reinsurers with a physical presence and at least 80 Class B (iii)-licensed captive reinsurers.

JTC To Acquire First Republic Trust Company Of Delaware

Post-completion of the acquisition, FRTC-DE will become part of JTC’s Private Client Services division.

Mosaic partners with Macquarie on transactional liability

The move forms part of Macquarie’s strategy to write a greater volume of premium via its Managing General Agent by broadening the capacity currently provided to it under existing binding authority agreements.

Convex turns profit for first time

The company's combined ratio improved to 89.6% from 98% although its net underwriting income was not given.

Calamatta Cuschieri registers €4.1m EBITDA

2023 results make it the group’s most successful year in its 52-year history

DARAG to buy Cayman captive

The sale is subject to regulatory approval from the Cayman Islands Monetary Authority.

Gen II Fund Services finalises successful acquisition of Crestbridge

With this announcement, Crestbridge becomes a fully integrated part of Gen II’s leadership and service capabilities.

Flex executives exercise options

Following the sale, Mr Kalleklev owns 50,000 common shares and has 100,000 share options in Flex LNG Ltd.

Aspen and PIMCO form Pando Re in Bermuda

The company said the launch of Pando Re was a continuation of Aspen’s strategy to partner with third-party investors

Fleming completes $277m purchase of JRG Re

Fleming was ordered to complete its pending acquisition of Bermuda-based JRG Re, with a US court ruling that there were no valid grounds to delay the closing.

Aspen Insurance and PIMCO form collateralised re/insurer

Aspen said that under a long-term agreement, Aspen will be the sole cedant to Bermuda-registered Pando Re and PIMCO will be its exclusive investment manager.

HSCM Bermuda announces closure of HS Mohawk Fund

This transaction marks an exciting milestone in our growing life insurance franchise

Attracting multi-million euro investments to Malta’s real estate sector

Interview with Sandro Chetcuti, Property Malta Foundation chairman

HSCM Bermuda creates life insurance investment fund

HSCM has also named Gokul Sudarsana its chief investment officer for life insurance, in addition to his role as chief actuary.

IDF reveals blueprint for investment in resilient infrastructure

The IDF is made up of virtually all global insurance companies, including many Bermuda-based re/insurers, who are also represented on the IDF board.

Axcelus Financial reports $14bn in assets under administration

“We are especially excited to further scale our programmes with larger wire houses and banks to meet this demand.”

Legacy trade association forms Bermuda chapter

The chapter will also support IRLA's global initiatives and events

Veritas Group acquires Hawaii company

Veritas said this method optimises the delivery of essential nutrients to the plants but also significantly minimises environmental impact.

Financial analysis: Sharp upturn across equity markets in Q1

Positive momentum a result of robust economic data and a positive earnings season coupled with continued enthusiasm about business opportunities in AI

Expanding Malta’s trade horizons

The complexity of international trade means that markets nowadays are incredibly interlinked

AIM and Hedge Funds